At the end of the day, business owners want to build their businesses, not manage their books. A bookkeeper can help you move beyond basic bookkeeping and allow you to get back to what you do best.
If you find you’re spending too much time trying to work through your finances, it might be time to consider investing in bookkeeping services. As a bookkeeper, Bingham loves deciphering complicated transactions and organizing her client’s finances.
“It’s very satisfying when you’re able to accomplish that goal, “ she said. “Knowing… your client has all the important information… They can see where their money has been spent [and] how much money it costs to make the money they’re making. It’s extremely satisfying.”
A bookkeeper can help ensure you have the most up-to-date financial information for your business. They can help you organize your books and find common, costly mistakes that can stem from using Excel as your primary bookkeeping system.
They can help you prepare your income statements, balance sheets, cash flow statements, and other financial reports correctly. Among other things, these financial statements ensure you have the most accurate records for tax returns at the end of the year. If you’re a new business in need of a business loan, your bookkeeper can help with that too.
Most of all, a bookkeeper can help you understand your small business’s financial health, allowing you to make smarter financial decisions.